AMD 2015 Annual Report Download - page 63

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Net cash provided by investing activities was $455 million in 2013 and primarily consisted of net proceeds
of $301 million from the purchase, sales and maturities of available-for-sale securities and net proceeds of $154
million from sales and purchases of property, plant and equipment.
Financing Activities
Net cash provided by financing activities was $59 million in 2015, primarily due to net proceeds from
borrowings pursuant to our Secured Revolving Line of Credit of $100 million, of which $42 million was used to
repay the remaining aggregate principal amount of our 6.00% Notes during the second quarter of 2015. In
addition, during 2015, we received $5 million from the exercise of employee stock options.
Net cash provided by financing activities was $46 million in 2014, primarily due to net proceeds from
borrowings pursuant to our 6.75% Notes of $589 million, our 7.00% Notes of $491 million and our Secured
Revolving Line of Credit of $75 million, partially offset by $518 million in payments to repurchase a portion of
our 6.00% Notes, $522 million in payments to repurchase our 8.125% Notes, $48 million in payments to
repurchase a portion of our 7.75% Notes, $24 million in payments to repurchase a portion of our 7.50% Notes
and $3 million in payments for capital lease obligations. During 2014, we also received $4 million from the
exercise of employee stock options.
Net cash provided by financing activities was $13 million in 2013, primarily due to net proceeds of $55
million from borrowings pursuant to our Secured Revolving Line of Credit, $3 million from the issuance of
common stock under our stock-based compensation plan and $10 million from other financing activities,
including net proceeds from U.S. government grants for research and development activities and foreign grants
from the Canadian government for research and development activities related to our AMD APU products. The
cash inflows were partially offset by the repurchase of $50 million in principal amount of our 6.00% Notes
(which is a portion of our outstanding 6.00% Notes) in open market transactions and $5 million in payments for
capital lease obligations.
During 2015, 2014 and 2013, we did not realize any excess tax benefit related to stock-based compensation.
Therefore, we did not record any effects relating to financing cash flows for these periods.
Contractual Obligations
The following table summarizes our consolidated principal contractual cash obligations, as of December 26,
2015, and is supplemented by the discussion following the table:
Payment due by period
(In millions) Total 2016 2017 2018 2019 2020
2021
and thereafter
6.75% Notes ....................... $ 600 $— $— $— $600 $— $ —
7.75% Notes ....................... 450 — — — — 450 —
7.50% Notes ....................... 475 — — — — — 475
7.00% Notes ....................... 500 — — — — — 500
Secured Revolving Line of Credit ...... 230 230 — — — — —
Other long-term liabilities ............ 42 — 35 5 — — 2
Aggregate interest obligation(1) ......... 889 148 148 148 128 106 211
Operating leases .................... 306 51 50 45 28 26 106
Purchase obligations(2) ............... 319 254 7 32 26 — —
Obligations to GF(3) ................. 248 248 — — — — —
Total contractual obligations(4) ......... $4,059 $931 $240 $230 $782 $582 $1,294
(1) Represents estimated aggregate interest obligations for our outstanding debt obligations that are payable in
cash, excluding non-cash amortization of debt issuance costs.
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